Colorado lawmakers get more bad news on state revenues
DENVER – Colorado lawmakers are warning that state government may have to raise fees and taxes and eliminate some tax breaks because of more grim news on state revenues.
New figures released Monday show the Legislature may have to cut another $240 million on top of the $318 million already slashed by Gov. Bill Ritter.
Budget analysts told the Legislature’s Joint Budget Committee that consumers are spending less, commercial real estate values are down and more people are out of work because of the recession.